Planters Bank - Nashville, AR

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: January 8, 1931
Location: Nashville, Arkansas (33.946, -93.847)

Metadata

Model: gpt-5-mini
Short Digest: 099ac050

Response Measures

None

Description

Article (Jan 8, 1931) states the Planters Bank at Nashville was closed and depositors approved a liquidating agent (Dr. J.S. Hopkins). Plans to organize a new bank are mentioned but the old bank is in liquidation, indicating permanent closure rather than a temporary suspension. No run is described.

Events (2)

1. January 8, 1931 Other

Newspaper Excerpt: It is proposed to organize a new bank for that city to operate in connection with the old bank. It is thought that if these plans are carried out the depositors will receive all of their money
Source: newspapers

2. January 8, 1931 Suspension

Cause: Voluntary Liquidation
Cause Details: Depositors approved a liquidating agent and plan to liquidate the closed bank; discussion of organizing a new bank to operate in connection with the old bank.
Newspaper Excerpt: At a meeting of the depositors of the closed Planters Bank at Nashville, Dr. J,S. Hopkins was approved as liquidating agent.
Source: newspapers

Newspaper Articles (1)

1. January 8, 1931 Washington Telegraph Washington, AR

Article from Washington Telegraph, January 8, 1931

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Article Text

OF THE MOST IMPORTANT Happenings During The Week At a meeting of the deposit ors of tbe closed Planters Bank at Nashville, Dr. J,S. Hopkins was approved as liquidating agent. It is proposed to organize a new bank for that city to operate in connection with the old bank. It is though that if these plans are carried out the depositors will receive all of their money Automobile license was put on sale by Sheriff John Wilson Thusday. About the same rates prevail on license this year as last A 100 per cent assessment was levied a few days ago against all stockholders of the Arkansas Bank & Trust Co. at Hope, which closed Nov, 17. Assessments not paid before the Hempstead Circuit court term in April will be followed by suits against the stockholders Among tha stock. holders according to the report are the Home Insurance Co. $43,000; A. B. Banks 1,690 R. T, White 24,000, John Barlow 20,000, and others The state fruit and truck experiment farm announce they are to dtstrihute free of charge several thousand pruned grape cuttings among the farmers of South Arkansas. Those interested in grape raising should get in touch with this farm] Moving to the aid of the unemployed the government will spend 724 million dollars on public works during this year, the largest peace-time construction program in its The banks at Salem and history. the largest portion being more than 219 million Eudora which clesed several dollars for highway construc- weeks ago, reopened Friday tion